22.10 – 2009,
Looks alike that Merck started to land then, it actually did ramp 1 $ more to hit 34 $ before that happened but good to leave some room, potential end of W3´s are allways good to exit whatever is the degree, but this one does not look very healty either in here. 3-drive patterns marks 5 different things in EW, shapes and angles determines which is the case but in here it looks mostly to end double zigzag.
Sometimes it comes to marks top of W3 also (occured today for Gbp-Usd) while it offered short and lazy (thrust) W5 for the US session before consolidation started. This was the case with Merck too as we can see now.
Ebay looks alike ending diagonal with 4 hours data chart and this is internal zoom for it with 1 hour datachart. If that´s the case zigzag impulses would fit for it.
